Enfranchisement Stage 1
A straightforward Enfranchisement of up to 4 flats in the building (possibly 8 flats), we anticipate that our total involvement will be in the region of 326 chargeable hours provided that the price and the terms of the transfer and the “statutory” costs payable to the freeholder are agreed without any need to serve a formal notice on the freeholder or apply to the Leasehold Valuation Tribunal. There will be additional fees if we are instructed to assist with the incorporation of the Management Company and also a Participation Agreement. These costs will be quoted on an individual basis.
Enfranchisement Stage 2 and Stage 3
A straightforward Enfranchisement of up to 4 flats (possibly 8 flats) in the building, we anticipate that our total involvement will be in the region of 12 to 14 chargeable hours provided the price and the terms of the transfer and the “statutory” costs payable to the freeholder is agreed without any application to the Leasehold Valuation Tribunal.
Enfranchisement Stage 4 and Stage 5
Making an application to the Leasehold Valuation Tribunal for a hearing takes approximately 4-6 chargeable hours. Preparing for and attending a one day hearing at the Leasehold Valuation Tribunal will take approximately 30 chargeable hours.
